Examples of Senior Certificateholder in a sentence
Each Senior Certificateholder by purchase of a Senior Certificate held by it acknowledges and agrees that the Certificate Insurer shall have certain rights hereunder for so long as the Senior Certificates are outstanding or any amounts are owed to the Certificate Insurer pursuant to the Certificate Insurance Policy, and the Certificate Insurer is not in default thereunder.
The Trustee hereby agrees on behalf of each Senior Certificateholder (and each Senior Certificateholder, by its acceptance of its Senior Certificates, hereby agrees) for the benefit of the Insurer that the Trustee shall recognize that to the extent the Insurer makes Insured Payments, either directly or indirectly (as by paying through the Trustee), to the Senior Certificateholders, the Insurer will be entitled to be subrogated to the rights of the Senior Certificateholders to the extent of such payments.
Notwithstanding anything to the contrary in the Agreement or this Supplement, no Series 1997-1 Senior Certificateholder or Series 1997-1 Senior Subordinated Certificateholder in its capacity as such shall have any interest in Collections received prior to the Closing Date.
Notwithstanding any provision to the contrary contained in this Section 6.15, no Senior Certificateholder shall be required to purchase any Additional Class A Invested Amounts or Additional Class B Invested Amounts unless the conditions to such purchase contained in the applicable Certificate Purchase Agreement (including without limitation Section 3.2 thereof) have been satisfied.
Notwithstanding the foregoing, in no event shall the Certificate Insurer have the right to exercise the right of any Senior Certificateholder under clause (i) of the second paragraph of Section 11.01 without the consent of such Holder.
Xxxxx Director FAIRWAY FINANCE CORPORATION, as Senior Certificateholder of the First Sierra Equipment Lease Trust 1998-E By: /s/ Dwigxx Xxxxxxx ------------------------------------------------ Dwigxx Xxxxxxx Vice President FIRST SIERRA EQUIPMENT CONTRACT TRUST 1999-H, A DELAWARE BUSINESS TRUST ACTING THROUGH CHRISTIANA BANK & TRUST COMPANY, NOT IN ITS INDIVIDUAL CAPACITY BUT SOLELY AS OWNER TRUSTEE, as Issuer By: /s/ Louix X.